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PROFESSIONAL TAX
Do you need professional help in filing ITR? Here's how much it will cost you
Most taxpayers are not aware of the finer points of taxation. A professional can ensure you file an error-free return. Here are things to consider if you are planning on taking professional help to file your ITR and the likely costs of the same.
Tax optimiser: IT professional Agarwal has limited scope to cut income tax
Pune-based IT professional Girish Agarwal utilises most of the inc...
Sushant Singh Rajput death: CBI probe to cover professional rivalry, nepotism
CBI wants to investigate every possible angle before concluding...
Tax optimiser: Finance professional Aikat can save tax by Rs 25,000 via NPS, perks
ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.
The most tax-efficient investment strategies for an Indian HNI
To save taxes and plan investments, HNIs can create HUFs, form LLPs or family trusts.
Tax optimiser: Bose can cut tax by Rs 1.5 lakh via rent to mother, NPS
Bose lives in his mother’s house and pays a nominal rent to her. Though his HRA is Rs 3.16 lakh, he claims exemption for only Rs 1 lakh (Rs 8,300 per month) as he is not sure of the tax implications for his mother. Since she is a senior citizen with no other income, he can pay her up to Rs 4 lakh a year.
House panel for abolition of LTCG tax on investments in startups
India's startup sector welcome the recommendation of abolishing long term capital gains (LTCG) in startup investments.
GSTN enables new registration functionality for insolvency resolution professionals
In March, the CBIC said the corporate debtors shall be liable to obtain new registration through IRP or RP.
Tax optimiser: IT professional Sharma should use NPS instead of PPF to save tax
ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.
View: Marry faceless regime with virtual tax hearing
The apex body, Central Board of Direct Taxes (CBDT), under the ministry of finance, has agreed to examine the suggestion made in the course of meetings in the past few weeks, two persons who participated in the discussions told ET.
Tax optimiser: Salaried Chawla can save Rs 54,000 tax via NPS, LTA
Not only should you ask your employer for the NPS benefit, but you can also ask your company to replace the taxable medical and conveyance allowances in your salary with tax-free perks such as newspaper allowance and leave travel allowance (LTA).
Separate GST registrations confuse interim resolution professionals
IRPs appointed under the Insolvency and Bankruptcy Code (IBC) have approached the finance ministry, seeking clarity on several aspects regarding the Central Board of Indirect Taxes and Customs (CBIC) notification issued on Saturday and a follow-up circular on Monday, people familiar with the development said.
Tax optimiser: IT Professional Agarwal can cut tax by Rs 26,000 via health insurance, perks
ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.
Hello Dear HNI, here’s how to reduce your tax liability
However, the Indian Income Tax Act also, provides several avenues to taxpayers to reduce their tax liabilities in a legitimate manner. Some of the avenues include creation of Hindu Undivided Family (HUF), formation of limited liability partnership (LLP) and family trusts.
Working from home may prove ‘taxing’
Marketing executive Babu Vishwanath is happy that he has been able to save money in work-from-home (WFH) mode. He has not spent on eating out, commuting to office or even shopping as Covid-19 fears have ensured a continuous lockdown since March.
